Decoded: Technology Law Insights - Issue 8, October 2020

Attorney General William P. Barr Announces Publication of Cryptocurrency Enforcement Framework -

"The Framework provides a comprehensive overview of the emerging threats and enforcement challenges associated with the increasing prevalence and use of cryptocurrency; details the important relationships that the Department of Justice has built with regulatory and enforcement partners both within the United States government and around the world; and outlines the Department’s response strategies."

Why this is important: The Office of the Attorney General has published guidance regarding cryptocurrency and the regulation and enforcement surrounding the technology. The publication has an expansive scope and includes an overview discussion of common uses of cryptocurrency – both legitimate and illicit – as well as the laws and regulations dealing with cryptocurrency. It also discusses business models that may facilitate criminal activity with cryptocurrency. This publication represents a major step toward an overarching regulatory framework that would apply to all cryptocurrency in the U.S....

Please see full Newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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